Moving from Corporate Strategy to PE/VC (w/ IBD background) - Thoughts? Has anyone done this before?
Hi everyone! Does anyone have any thoughts about the likelihood / how possible it is to move from Corporate Strategy to PE (maybe VC) when I have an IB background? Has anyone made a similar move?
For some context, I recently started a role in Corporate Strategy at a high-growth, pretty well-known (at least to millennials/Gen Z) tech company and have been on the job for ~3 months. Before that, I was a first year associate in IB at a top three BB (, MS, ), having been promoted after my 2 years as an analyst. I also graduated from a top-tier undergrad target school. I didn't do the traditional path of recruiting directly into PE after starting in IB because, at the time, I wasn't sure if I wanted to be in IB long-term or if I wanted to do something else. I decided about 3-4 months before I left IB that I wanted to either A) move into PE/VC (more-so PE) and focus on tech investing, or B) do Corporate Strategy/Corporate Development for a tech company. I ultimately pursued Option B because my coverage in IB wasn't tech-focused, and I felt like I needed to understand the business/operations side of tech if I was to be an effective investor (if I decided that really I wanted to do investing), especially if I wanted to do VC.
I'm starting to get the feeling that Corporate Strategy might not be the long-term option for me since I do miss the deal-making and technical side of finance, so I'm starting to think about how I might start recruiting for PE/VC. Has anyone else made a similar move or know of others who have done so? Does it work the same way as traditional PE/VC recruiting that's typically conducted via headhunters and networking? What are people's thoughts about making a move like this? Right now, I'm leaning more towards PE.